ICICI cards lose air accident cover and INOX, fees rise, Dec 2026

ICICI Bank has posted a notice, in a file dated 6 November 2026, with four changes for retail credit cards. From 11 December 2026, card replacement rises from Rs 200 plus GST to Rs 300 plus GST, and Priority Pass replacement goes from nil to Rs 300 plus GST. From 15 December 2026, the complimentary air accident insurance, the Cancellation For Any Reason cover and the INOX movie benefit end on the cards named below.

Air accident cover ends on the Emeralde Private Metal, Times Black, Emeralde, Emeralde Private, Diamant, Sapphiro and Rubyx cards. The Cancellation For Any Reason (CFAR) cover ends on the Emeralde Private Metal, Times Black, Emeralde and Emeralde Private cards. On the Parakram and Parakram Select cards, the personal and air accident cover ends.

The INOX benefit ends on the Rubyx, Coral, Expressions, Chennai Super Kings, HPCL Super Saver and Emirates Rubyx cards, and on all three MakeMyTrip ICICI Bank cards: Platinum, Signature and the base card. The notice does not name a replacement benefit.

The Rs 300 card replacement fee applies to every ICICI credit card except the Emeralde Private Metal, 1838 Reserve and Times Black. ICICI's terms, last updated 6 November 2026, keep their replacement fees at Rs 3,500, Rs 5,000 and Rs 3,500. The new Priority Pass replacement fee applies on 12 cards: Emeralde Private Metal, Emeralde Private, Emeralde, Sapphiro, Times Black, MakeMyTrip Signature, MakeMyTrip, Emirates Skywards Emeralde, Emirates Skywards Sapphiro, Adani One Signature, Parakram Select and Diamant World Mastercard.

Business, corporate and purchase cards move earlier. From 25 November 2026, their dynamic currency conversion fee, charged when you pay in rupees abroad or at a foreign-registered merchant, rises from 1% to 3.50%, the same as their forex markup. Their card replacement fee also goes from Rs 200 to Rs 300 plus GST. The list covers about 50 variants, including the Business Black Advantage, Business Blue Advantage, Business Ascent and Business Essential American Express cards.

Cards on our site that this touches: Emeralde Private Metal, Times Black, Emeralde, Sapphiro, Rubyx, Coral, Expressions, Parakram Select and MakeMyTrip ICICI Bank. The MakeMyTrip card also changes its forex terms on 10 November, which we covered here. See every ICICI Bank credit card and the Devaluation Index.